Three Executives of Dana Syariah Indonesia Indicted for Embezzling IDR 1.3 Trillion

The Depok District Court (PN) has commenced the trial of three defendants in a case involving the embezzlement of funds at PT Dana Syariah Indonesia. The indictments were read out during a hearing on Wednesday (22/7/2026). The three defendants are President Director Taufiq Aljufri (TA), former Director Mery Yuniarni (MY), and Commissioner Arie Rizal Lesmana (ARL). They are accused of embezzling a total of IDR 1.3 trillion. The case originated from a public report regarding the company’s failure to pay returns. During the investigation, the police uncovered a modus operandi involving fictitious projects. The defendants allegedly misused data from existing borrowers to create sham projects, which were then offered to the public to solicit investments. The defendants are charged under multiple articles, including Article 488 and/or Article 486 and/or Article 492 of the Criminal Code in conjunction with Article 20 letter c of the Criminal Code and Article 126 paragraph (1) of the Criminal Code, and/or Article 45A of the Electronic Information and Transactions Law in conjunction with Article 20 letter c of the Criminal Code and Article 126 paragraph (1) of the Criminal Code, as well as Article 299 of Law Number 4 of 2023 concerning the Development and Strengthening of the Financial Sector.